Computerised Accounting System — Account STD 11 Commerce — Question

What is Two-Sided Error?

Name any two Application Softwares.

What is ‘Depreciable Cost'?

What is the need for providing accrued incomes in final accounts?

List the distinctive advantages of a computer system over a manual system.

State two transactions which may be recorded in Pass Book but not in Cash Book.

A bill given to creditor is called Bill Payable. Why?

Name two types of errors with example which do not affect the Trial Balance.

Ram & Co. purchased a machinery for ₹ 21,000 on 1st April, 2019. The estimated life of the machinery is 10 years, after which its residual value will be ₹ 1,000 only. Find the amount of Annual Depreciation according to the Fixed Instalment Method. Ignore GST.

Calculate the amount of Total Purchases from the following information:
Opening Creditors ₹ 30,000; Closing Creditors ₹ 50,000; Cash paid to Creditors during the year ₹ 60,000; Cash Purchases ₹ 20,000.